Looking at this $FOGO market right now, honestly price was suffering before but now we start seeing small strength coming slowly slowly. Many traders maybe thinking downtrend continue, but charts telling different story if you observe well.
From both 4 Hour chart and Daily chart, market showing signs of accumulation phase which normally happening before bullish expansion.
Let us break it down.
4H Chart Buyers Slowly Returning
On 4 hour timeframe we seeing price already stop falling strong like before. Instead:
Price making small higher lows
Selling pressure reducing
Market stabilizing around 0.023 – 0.024 zone
Rejection wicks from downside showing buyers defending
This meaning what?
It means sellers getting tired.
Normally when market falling strong, candles very aggressive red. But now we seeing small candles, consolidation behavior. This is classic accumulation zone.
Example:
Same pattern happened with many coins before pump.
When price drop heavy > go sideways > suddenly strong breakout.
Smart traders normally entering here not when market already pump.
If FOGO break above 0.026–0.030 resistance zone, bullish momentum can come very fast.
Daily Chart Downtrend Losing Power
Daily timeframe giving bigger picture.
What we see:
Long downtrend yes
But momentum already weakening
Price compressing near bottom
Moving averages starting to flatten
Possible base formation happening
This type of structure usually called:
market bottom building
Market cannot go down forever. After strong selloff, market always need balance phase before next direction.
Now we seeing that balance forming.
Very important sign:
Price not making new aggressive lower lows anymore.
That is early bullish signal.
Market Psychology Why This Can Turn Bullish
Crypto market working with psychology.
Right now:
Weak hands already sold
Fear already high
Volume reduced
Smart money accumulating quietly
When nobody interested, that is where opportunity coming.
Later news come > hype come >retail buyers rush > price explode.
Example:
Early investors buying FOGO around 0.023
Price later move to 0.05
That is more than 100% gain
This how accumulation phase reward patient holders.
How Traders, Investors and Hodlers Should Position
Short Term Traders
Watch breakout above resistance
Enter after confirmation candle
Risk manage below support
Swing Traders
Accumulate slowly in support zone
Not all in one time
Wait for trend change confirmation
Long Term Hodlers
This kind of price normally long term opportunity
Position early before mass adoption
Ignore short volatility
Example strategy:
Buy small at 0.023
Add more if breakout
Hold until trend reversal confirmed
Important Levels To Watch
Support zone:
0.023 – 0.022 strong demand area
Resistance zone:
0.026 first breakout level
0.030 major bullish confirmation
Break above these > strong bullish sentiment possible.
Buy summarizing:
FOGO not fully bullish yet but:
> Downtrend weakening
> Accumulation visible
> Selling pressure fading
> Base formation building
All these usually happening before bullish phase.
Market currently in early stage bullish preparation, not explosion stage yet.
Smart money positioning now, late money buy later.